Tag: #Economy
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JIGAWA OKRIKA MARKET: PRICES SOAR, LOW PATRONAGE AMID RISING TRANSPORT COSTS
As transport fares rise, driven by petrol price hike, some second-hand clothing traders in Dutse, Jigawa have expressed concern over low patronage. Thrift wears (also called Okrika) are pre-owned or second-hand garments imported into Nigeria from Europe, America, and Asia. They remain popular due to their durability, affordability, and unique styles, and are mainly found…
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FG, WORLD BANK, INTENSIFY EFFORTS TO STRENGHTEN PUBLIC PROCUREMENT SYSTEM
The Federal Government has intensified efforts to strengthen transparency, accountability and professionalism in public procurement with the approval of seven new zonal offices for the Bureau of Public Procurement (BPP). This is contained in a statement by the Head of Press and Public Relations, BPP, Zira Nagga, in Abuja on Monday June15. Nagga said that…
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OBI CALLS FOR URGENT MEASURES TO ENSURE ECONOMIC WELL-BEING IN NIGERIA
Presidential candidate of the Nigeria Democratic Congress (NDC), Mr Peter Obi, has called for urgent measures to create a more business-friendly environment, and to drive entrepreneurship and economic growth. He made this call on Saturday June 13 at This Generation Project 2026, the annual conference of Summit Bible Church in Abuja, themed “Thriving in the…
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TINUBU ON JUNE 12: NIGERIA MUST TURN DEMOCRACY INTO PROSPERITY
President Bola Ahmed Tinubu has called on Nigerians to move beyond celebrating democratic gains and focus on achieving economic prosperity. In his Democracy Day address on Friday June 12, marking 27 years of uninterrupted civilian rule in Nigeria, Tinubu said the heroes of the June 12 struggle secured democratic governance, while the task before the…
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NIGERIA EXCEEDS OPEC QUOTA AS PRODUCTION HITS 11-MONTH HIGH
Nigeria’s crude oil production has surged to an 11-month high in May, 2026, with the country exceeding its Organisation of the Petroleum Exporting Countries (OPEC) production quota. The average crude oil production recorded during the month of May represents 102 per cent of Nigeria’s 1.5 mbpd of production quota allocated by the OPEC. The production…
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JIGAWA RESIDENTS RESORT TO CHARCOAL AMID SOARING COOKING GAS PRICES
Some residents of Dutse in Jigawa have resorted to charcoal for cooking and domestic purposes amid cooking gas price hike. At some of the available gas stations, many consumers joined long queues to refill their cylinders, while some other gas stations had run out of stock. The acute scarcity of the product pushed prices up…
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AFDB COMMITS 86 MILLION DOLLARS TO AFRO-PROCESSING ZONES PROJECT
The African Development Bank (AfDB) says it has committed 86 million dollars to the implementation of the Special Agro-Industrial Processing Zones (SAPZ) Programme in Nigeria as of March 31. Dr Orison Amu, Implementation Support Manager, Nigeria Country Department, AfDB, who was represented, disclosed this on Wednesday June 10 in Abuja at the Mid-Term Review Meeting…
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INVEST LAGOS SUMMIT: SANWO-OLU WOOS INVESTORS
The Governor of Lagos State, Babajide Sanwo-Olu, says Lagos is Africa’s foremost investment gateway, offering unparalleled opportunities for trade, innovation, infrastructure development, and economic expansion across the continent. Sanwo-Olu said this at the opening of the third edition of Invest Lagos Summit 3.0, where investment stakeholders gathered to explore opportunities across strategic sectors of the…
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ISRAEL PLEDGES TO DEEPEN PARTNERSHIP WITH NIGERIA TO BOLSTER A.I
The Israeli Ambassador to Nigeria, Michael Freeman, has declared the country’s readiness to strengthen partnership with Nigeria in bolstering Artificial Intelligence (AI) applications globally. Freeman disclosed this on Thursday June 4 in Abuja, during the closing ceremony of the maiden Innovation Week organised by the Embassy for the Innovation Fellowship for Aspiring Inventors and Researchers…
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THE HIGH COST OF CHAOS: INSECURITY IS HOLLOWING OUT NIGERIA’S ECONOMY AND STEALING ITS FUTURE
It is no longer alarmist to say that Nigeria is bleeding out. Not from a single wound, but from a thousand deep cuts inflicted by a metastasizing insecurity complex that has overwhelmed the state’s capacity to guarantee the most fundamental promise of any government: the protection of life and property. As of mid-2026, the daily…
